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Mr. McGuire,
Your post caught my eye regarding cotton. I have attached a 1 x 3 box
P&F graph of the continuous contract of Cotton (Pinnacle data). I believe
you are probably seeing something similar. However, I just wanted to point
out the overhead 45 degree trendlines which may act as resistance in the
not to distant future.
Just on observation, thanks,
John Boggio
At 01:16 PM 8/24/98 -0400, S. McGuire wrote:
>On a point & Figure chart Dec Cotton has given the second consecutive uy
>at 7500. The prior Buy was at 7240.
>
>
>******************************************************************
>
>Futures trading is not for everyone. The risk of loss in trading
>commodities can be substantial: therefore, carefully consider whether
>such trading is suitable for you in light of your financial condition.
>Past performance is not indicative of future results, and there is no
>assurance that your trading experience will be similar to the past
>performance.
>
>
Attachment Converted: "c:\eudora\attach\ct082498.gif"
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